Economy will not see a hard landing: Premier Li
Updated: 2015-09-10 12:10
By Zhao Yinan(chinadaily.com.cn)
Premier Li Keqiang speaks at the Annual Meeting of the New Champions of the World Economic Forum in Dalian, Liaoning province on September 10, 2015. [Photo provided to China Daily]
Premier Li Keqiang sought to soothe global business leaders on Thursday, saying the government's pledge to prevent Chinese economy from a hard landing will not be empty talks.
Li said Chinese government will take steps to issue fine-tuning policies at a proper time to prevent short-term turbulence from becoming bigger risks.
Making the remarks in an address to an international audience at the Annual Meeting of the New Champions of the World Economic Forum in Dalian, Li said the fundamentals of Chinese economy have not changed.
"Although there are turbulences, the overall fundamentals are still upbeat.
"Pro-growth policies have started taking effects, positive factors in economic growth is increasing, and economic index has started to pick up after previously falling," Li said.
However, he admitted that the transformation from an economy heavily reliant on investment to an economy fueled by both investment and consumption will be a process "full of pains", and it is inevitable for the economy to encounter shifts and turns.
"But Chinese economy will not see a hard landing, this is not an empty talk," Li said.